 Repayment plan success?
Has anyone agreed to a repayment plan with Countrywide and if so did you have any problems during the repayment time? Our negotiator is offering us a repayment plan for four months on our first loan so that we can show we are delinquent and they can submit to Fannie Mae after the four months to lower our interest rate and extend the loan an additional 10 years. Our credit is good and we have never been behind on our mortgage payments. Our negotiator also told us during the repayment time we would not be reported to the credit bureau as beeing delinquent. Has anyone gone through a repayment plan and after the time frame were you approved for a modification on the loan or were you stuck with paying back the amounts you didn't pay during the repayment time frame. Please shed some light, we don't want to agree to this if they've had customers with bad experiences. If anyone is out there with any feedback please share! Thanks! |